July 24, 2017 10:16 PM ET

Banks

Company Overview of Heritage Bank Limited

Company Overview

Heritage Bank Limited provides financial products and services in Australia. The company’s personal banking products and services include transaction and savings accounts; home loans; personal loans; term deposits; credit and debit cards; motor vehicle, home building and contents, income protection, life, travel, landlord, caravan and trailer, and platinum insurance products; financial planning services; superannuation products; and international finance services. Its business banking products and services comprise business cheque accounts and business Visa credit cards, as well as farm management deposit accounts; term deposits; fully drawn loans, overdrafts, motor vehicle equipment loans, ...

400 Ruthven Street

6th Floor

Toowoomba, QLD 4350

Australia

Founded in 1875

798 Employees

Phone:

61 7 4690 9000

Key Executives for Heritage Bank Limited

Chief Executive Officer
Interim Chief Financial Officer and Chief Strategy & Investment Officer
Chief Operating Officer
Assistant Chief Executive Officer and Company Secretary
Chief Financial Officer (Leave of Absence)
Compensation as of Fiscal Year 2017.

Heritage Bank Limited Key Developments

Heritage Bank Limited Expands its Presence in the Nation with a New Branch

Heritage Bank Limited has expanded its presence in the nation with a new branch. The firm announced that it has opened its second branch at East Legon in Accra. The firm, which has received approval to launch universal banking services, opened its first ultra-modern branch at Accra's Airport City.

Heritage Bank Names Kevin Potter as its New Chief Operating Officer

Heritage Bank has announced that it has named Kevin Potter as its new chief operating officer (COO). Potter, who has relocated to Toowoomba, started in his new role at Heritage's head office on March 13. Potter has had a 25-year career in banking and finance, most recently with the Suncorp Group and prior to that with the National Australia Bank.

Heritage Bank Limited Reports Consolidated Earnings Results for the Half Year Ended Dec. 31, 2016

Heritage Bank Limited reported consolidated earnings results for the half year ended Dec. 31, 2016. For the period, the company reported profit after tax of $20,888,000 compared to $17,814,000 reported last year. Net interest income was $75,542,000 against $73,097,000 reported last year. Total net operating income was $98,755,000 against $90,355,000 reported last year. Profit before tax was $29,920,000 against $25,326,000 reported last year. Net cash flows from operating activities was $83,104,000 against cash outflows from operating activities of $206,521,000 reported last year. Acquisition of property, plant and equipment was $5,924,000 against $2,629,000 reported last year.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 16, 2016
Heritage Bank, Financial Planning Business
 

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